Colorado Technical University
MGMT690-1403A-02 Phase 5 Individual Project
Strategic Management in Dynamic Environments
Dr. Colleen Flynn
Submitted in Partial Fulfillment of the Requirements for

By: Patrick Johnson

Globalization rationale for our company
While globalization has not been very favorable for mass due to international trade rules and protective measures from local government, as an entrepreneur, I still favor globalization. Many believe that globalization has not been favorable because there’s not enough of it going on. Most corporations fear the failures that come with it. I would simply say if enough research and resources have not been gathered accordingly, then the chances or ratio for failing is highly likely. The hope is, if unnecessary governmental parameters are removed, then it would be much easier for corporation to act accordingly. This will bring increase prosperity for many corporations, but international trade rules are established for many reasons. At most is simply for protection of its economy and assets.
The rationale for globalizing our furniture company is quite simple. We simply need to expand and seek opportunities in growth and revenue for the corporation. By doing this we provide long term growth for the corporation. We will extend employment opportunities in much larger footprint. Access to new markets and product lines that might gain the interest of our domestic market. “Globalization leads to freer trade between countries. This is one of its largest benefits to developing nations. Homegrown industries see trade barriers fall and have access to a much wider international market. The growth this generates allows companies to develop new technologies and produce new products and services. (Mohr, 2013)”.
Geographic Location
The fact about location, location, location always has a huge impact on business success.